4-Unit Apartment
7162 Jamieson Ave, Saint Louis, MO 63109
For Sale
$550,000
The unit mix includes two two-bedroom apartments and two one-bedroom apartments, each with one bathroom.
Property Size3,602 SF
Price / SF$152.69
Days on Market13
Property Features for 7162 Jamieson Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Realty Exchange
(314) 647-2220
Listed By:
Andy Scott · License MO #2008032735
(314) 323-3831
Source:
Exprealty
Added: Oct 28
Changed: Nov 2
Last Checked: Nov 8 at 10:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Exchange
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,602-square-foot multifamily property contains four apartments: two with two bedrooms and one bathroom, and two with one bedroom and one bathroom. Updated kitchens and basement storage are part of the building’s features.
The property is directly across from Willmore Park in Saint Louis. Shopping and dining are nearby.
The property is directly across from Willmore Park in Saint Louis. Shopping and dining are nearby.
Key Highlights
- Four apartments: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- 3,602 square feet
- Updated kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,518
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,360
$770.4K
Cap Rate 7%
$550,257
$550.3K
Cap Rate 9%
$427,978
$428.0K
Market Conditions
NOI Build-Up for 3,602 SF
Gross rent
$58.4K $16.20/SF
− Vacancy
−$3.3K −$0.92/SF
EGI
$55.0K $15.28/SF
− OpEx
−$16.5K −$4.58/SF
NOI
$38.5K $10.69/SF
Area
St. Louis County, MO
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,360
Cap Rate 7%
$550,257
Cap Rate 9%
$427,978
Alternative Uses
Best Use
Multifamily LT 5
$550.3K
$481.5K – $642.0K
NOI $38,518 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$478.9K
$419.0K – $558.7K
NOI $33,520 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$773.1K
$676.4K – $901.9K
NOI $54,114 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 63109, MO
26,777
Population
14,963
Households
1.8
Avg Household Size
39
Median Age
52%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
7,651
Density / Sq Mi
$71,563
Median Household Income
$52,245
Median Earnings
$929
Median Rent
$244,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in St. Louis County, MO
Properties on Market for Quadplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix includes two two-bedroom apartments and two one-bedroom apartments, each with one bathroom.
Where is this quadplex located?
The property is located at 7162 Jamieson Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; 3,602 square feet; Updated kitchens
